Quote:
Originally Posted by Locke
I appreciate the vote!
Okay, there are actually a number of different ways this could have gone. I dont mean to be disparaging but it can be difficult to ascertain the circumstances based on message board information.
In general with bonuses though, one is usually given a number of different ways to receive it and how it is accounted for.
Often though the bonus is paid out and a corresponding RRSP slip is issued. Income in and then directly out. They balance each other.
If! If thats the directed method. There are many others as well.
And again, not to be disparaging because you seem like you know your stuff, but I can empathize with some of the Accountants on here, you probably dont realize how many people do not understand how Tax Brackets work.
Again though, as Accountants, we kind of hedge our bets on that topic. We get that one a lot.
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I didn't mean to come off disparaging lol; i get it. My comment was unclear and came off as one of those "dont work overtime as you will pay more in taxes" comments